SWOT Analysis of Best Buy

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;92 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<p align&equals;"justify">Best buy provide electronics&comma; entertainment software&comma; home office products and different related services to these products&period; It is basically electronic and electronic device company&period; It working in Canada and USA and it’s headquarter is located in Richfield&comma; Minnesota&period; The company consists of 100&comma;000 employees&period; In 2005 the company profit reaches to &dollar;27&period;3 billon which is almost 11&period;4&percnt; high than its profit in 2004&period; This increment is because of the demands of its electronic product in the market&period; The company overall profit recorded in 2005 is &dollar;984 million which is increased up to 39&period;6 as compared to the profit in 2004&period; Although the company is running very good&comma; but still there are a no of competitors who offers discounts&period;<&sol;p>&NewLine;<h3 align&equals;"justify">Strengths<&sol;h3>&NewLine;<p align&equals;"justify">• As best buy is one of the top electronic company in both Canada and USA due to its electronics products thus it have a large number of consumer using their products<&sol;p>&NewLine;<p align&equals;"justify">• Due to its large size and profit the company can spend a lot of money in their advertisement of new products&period;<&sol;p>&NewLine;<p align&equals;"justify">• The company have already strong store for selling as compared to their competitors&comma;<&sol;p>&NewLine;<p align&equals;"justify">• Best buy has strong advantage on their competitors in the digital TV market&comma; thus it can help the company in both discounted and with out discount selling’s&period;<&sol;p>&NewLine;<p align&equals;"justify">• Best buy is award as &OpenCurlyDoubleQuote;best HDTV seller” by ADTG &lpar;academy of digital television Gadgets&rpar; in 2005 due its effort by promoting digital TV in its stores&period;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;92 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<h3 align&equals;"justify">Weaknesses<&sol;h3>&NewLine;<p align&equals;"justify">• One of the weak points of the company is that it has very low gross margin as compared to the competitors&period;<&sol;p>&NewLine;<p align&equals;"justify">• The companies relay mostly on the local consumers for example its consumers are in USA and Canada only&period;<&sol;p>&NewLine;<p align&equals;"justify">• The profit of the company is only limited to the US market&period;<&sol;p>&NewLine;<p align&equals;"justify">• The company opens its first selling store in Canada out side USA but the sale was not good because of high expenses and it affect the company profit&period;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;92 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;